Tech Stocks Retreat as AI Hype Faces Earnings and Fed Uncertainty
Semiconductor selloff drives Nasdaq and S&P 500 to weekly lows amid investor caution over upcoming earnings reports and Federal Reserve policies.
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Rocket Lab Moves to Acquire Iridium in $8 Billion Deal to Expand Space Services
Rocket Lab announced an $8 billion cash-and-stock acquisition of Iridium Communications to create an integrated space company offering launch, manufacturing, and satellite communications.
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Xbox Layoffs May Target Key Studios Including Undead Labs Amid Industry Cuts
Microsoft reportedly plans extensive layoffs across Xbox’s first-party studios, potentially affecting Undead Labs despite their upcoming State of Decay 3 release.
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AI Startup 8090 Raises $135 Million to Accelerate Software Development Automation
8090 Solutions secures $135 million in Series A funding led by Salesforce Ventures to expand its AI-driven platform that streamlines application development and updates.
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Adobe to Acquire Topaz Labs, Integrating AI Enhancement into Creative Cloud
Adobe will acquire Topaz Labs, integrating its AI-powered upscaling and enhancement tools into Adobe Firefly and Creative Cloud while maintaining standalone Topaz products.
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Edison Scientific emerges from nonprofit FutureHouse to lead AI-driven drug discovery ventures
Spun off from nonprofit FutureHouse after major pharma interest, Edison Scientific secured significant venture funding to commercialize AI agents for drug development.
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Insilico and SK Biopharmaceuticals Forge Up-to-$2.5B AI Partnership for Neuroimmune Drug Development
Insilico Medicine teams with SK Biopharmaceuticals to harness AI in discovering and developing drugs targeting neuroimmune disorders of the central nervous system, in a deal worth up to $2.5 billion.
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Former Google Executive Leaves After Nearly $1 Million Year to Launch AI Startup
After earning close to $1 million as a Google account executive, Yousuf Imran exited to build his own AI sales tools company amid concerns over layoffs and missed equity opportunities.
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Quantic Dream Employees Strike to Prevent Star Wars Eclipse Layoffs and Project Collapse
Quantic Dream workers staged a strike demanding the reversal of planned layoffs that threaten both their jobs and the future of the unfinished Star Wars Eclipse game.
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Elon Musk Targets Acquisition of SpaceX-Linked Optics Startup to Boost AI Infrastructure
Elon Musk seeks to acquire Mesh Optical Technologies, a SpaceX-founded optics startup, deepening his influence over AI data center components amid swift FTC antitrust scrutiny.
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OpenAI Mulls Postponing IPO Following SpaceX Market Performance
OpenAI is reportedly considering delaying its initial public offering to next year after evaluating SpaceX’s recent stock market debut and its implications.
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Apple hikes prices on Macs and iPads amid rising AI-driven component costs
Apple raised prices on multiple Macs, iPads, and home devices due to soaring AI-related memory and storage expenses, marking an unusual mid-cycle adjustment.